Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : PLRN - OIL!!! -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (467)	1/1/1998 9:32:00 AM
From: FARRIS	Read Replies (2) \| Respond to of 476

They actually raised a bit over $1.2 million. The fact remains that these shares are fairly valued at maybe the warrant exercise price of .33. This compnay has nothing but a ton of cash and what may turn out to be a great idea. Fundamentals are zero at the moment. This is still a shell with cash right now. They do have some interest in the mine -- but we have no idea what that might be. I can say this -- this company cares nothing about the shareholder -- but they do care about the venture. I have some concern about the new reporting requirements. I get the impression that, at this time, this company could care less where the stock trades -- they used the shell to do the private placement to raise cash for the venture. THey do not want traders, they want investors -- what difference would pink sheet status make to them. I continue to bug them on occassion, but they could really care less it seems. I have some information coming that they say, explains everything in complete detail -- cannot wait to get it. Assume all of this is my opinion -- I am basing what I say on impressions from previous conversations with the company. This is the hardest one to figure that I have ever owned. Hard to be objective when you have gotten SCREWED this badly by a company. Alan, the bid... I do not see it climbing any time soon. Unless someone actually buys at the ask. I was surprised to see that someone had done just that yesterday -- sent the MMs into a panic it looked like. They do not want to sell shares, but I am not buying. The risk seems far too great at this time.